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Variety: Hulu is gearing up to spend a bundle on trying to expand its business into live television — and part of the Herculean task it has set out to accomplish involves cutting deals for local TV channels in markets across the U.S.The company, which has been actively working on the project for about six months, is in talks with ABC, Fox and NBC  — which are owned by Hulu’s parents — as well as CBS and cable networks about carrying their live networks in a relatively low-cost, over-the-top package.